Based on 97 hedge funds · latest filing: 2026 Q2 · updated quarterly
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Buying streak — 4 quarters in a row
For 4 consecutive quarters, more hedge funds added BSVN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
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At the ownership peak (100% of max)
100% of all-time peak
97 hedge funds hold BSVN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
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Fast accumulation — +35% more funds vs a year ago
fund count last 6Q
+25 new funds entered over the past year (+35% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
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More buyers than sellers — 61% buying
50 buying32 selling
Last quarter: 50 funds were net buyers (15 opened a brand new position + 35 added to an existing one). Only 32 were sellers (22 trimmed + 10 sold completely). A clear majority buying is a strong confirmation signal.
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Steady new buyers — ~15 new funds per quarter
new funds entering per quarter
Funds opening this position for the first time: 19 → 8 → 14 → 15. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
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48% of holders stayed for 2+ years
■ 48% conviction (2yr+)
■ 29% medium
■ 23% new
47 out of 97 hedge funds have held BSVN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
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Price up while funds trimmed (+19% value, -0% shares)
Last quarter: total value of institutional BSVN holdings rose +19% even though funds reduced share count by 0%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Steady discovery — ~15 new funds/quarter
7 → 19 → 8 → 14 → 15 new funds/Q
New funds entering each quarter: 19 → 8 → 14 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
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Veteran-anchored — 54% veterans vs 29% newcomers
■ 54% veterans
■ 18% 1-2yr
■ 29% new
Entry-cohort mix of 97 holders: 52 (54%) are 2+ year veterans, 17 entered 1–2 years ago, and 28 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
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Elite ownership — 54% AUM from top-100 funds
54% from top-100 AUM funds
35 of 97 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in BSVN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.